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In the latest session, Align Technology, Inc. (NASDAQ: ALGN) closed at $222.04 down -3.31% from its previous closing price of $229.65. In other words, the price has decreased by -$3.31 from its previous closing price. On the day, 1.31 million shares were traded. ALGN stock price reached its highest trading level at $227.18 during the session, while it also had its lowest trading level at $218.11.
Ratios:
For a deeper understanding of Align Technology, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.98. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Market Perform rating and target price of $310.
Goldman Downgraded its Neutral to Sell on December 11, 2023, while the target price for the stock was maintained at $197.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 15 ’24 when LARKIN C RAYMOND JR bought 6,500 shares for $235.33 per share. The transaction valued at 1,529,645 led to the insider holds 28,247 shares of the business.
LACOB JOSEPH sold 15,000 shares of ALGN for $4,548,308 on Feb 29 ’24. The Director now owns 131,994 shares after completing the transaction at $303.22 per share. On Feb 27 ’24, another insider, LACOB JOSEPH, who serves as the Director of the company, sold 10,000 shares for $313.01 each. As a result, the insider received 3,130,075 and left with 146,994 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALGN now has a Market Capitalization of 16585744384 and an Enterprise Value of 15932716032. As of this moment, Align’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.67, and their Forward P/E ratio for the next fiscal year is 21.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.21 while its Price-to-Book (P/B) ratio in mrq is 4.41. Its current Enterprise Value per Revenue stands at 4.041 whereas that against EBITDA is 19.351.
Stock Price History:
Over the past 52 weeks, ALGN has reached a high of $335.40, while it has fallen to a 52-week low of $176.34. The 50-Day Moving Average of the stock is -4.79%, while the 200-Day Moving Average is calculated to be -16.96%.
Shares Statistics:
For the past three months, ALGN has traded an average of 757.41K shares per day and 586830 over the past ten days. A total of 75.08M shares are outstanding, with a floating share count of 69.53M. Insiders hold about 6.92% of the company’s shares, while institutions hold 88.17% stake in the company. Shares short for ALGN as of 1727654400 were 3089764 with a Short Ratio of 4.08, compared to 1724976000 on 2731874. Therefore, it implies a Short% of Shares Outstanding of 3089764 and a Short% of Float of 5.3100000000000005.
